Big Weekly Winners: Swing Trading with PowerRatings

  • July 15, 2012
  • Joshua Glasgall

Markets saw an end to the 6-day red streak with a slight rebound Friday after becoming steadily oversold throughout the week. There are many high-profile earnings reports scheduled to be released next week, and along with Ben Bernanke’s semi-annual report to congress and the final details of the Spanish bank bailout set to be announced, this trading week will be an interesting one. The top-performers from this week came from the healthcare sector along with 2 inverse leveraged ETFs.

The stock and ETFs in this week’s Big Weekly Winners: Swing Trading with PowerRatings all earned PowerRatings of 8 or higher one week ago on July 6, 2012.

To learn more about PowerRatings, including how to swing trade stocks and ETFs with PowerRatings, click here.

Performance of 7/06/12 – 7/13/12 Trading Week

BioCryst Pharmaceuticals, Inc. (BCRX)

BCRX chart

BioCryst Pharmaceuticals, Inc. shares surged on Thursday and Friday after a lull in volume earlier in the week to secure an almost 10% gain. BCRX now enters Monday’s trading above its 50 and 200-day moving averages in thoroughly overbought territory.

  • 7/06/12 Entry Price: 3.90 with a PowerRating of 8

  • 7/13/12 Exit Price: 4.27

  • Gain: 9.49%

Direxion Daily Latin America Bear 3x Shares (LHB)

LHB chart

Direxion Daily Latin America Bear 3x Shares gapped-up sharply on Monday to start the trading week, and despite then gapping-down on Friday was able to realize a 7.72% gain for the week. Currently in a period of higher volatility, LHB is an inverse leveraged ETF correlated with performance of the S&P Latin America 40 Index.

  • 7/06/12 Entry Price: 13.48 with a PowerRating of 8

  • 7/13/12 Exit Price: 14.52

  • Gain: 7.72%

ProShares UltraShort MSCI Japan (EWV)

EWV chart

ProShares UltraShort MSCI Japan has gradually climbed from oversold territory since last Tuesday’s close, ending this week’s trading slightly down on Friday but still with a little over 4% gain. EWV is an inverse leveraged ETF corresponding to twice the opposite of the daily performance of the MSCI Japan Index.

  • 7/06/12 Entry Price: 33.77 with a PowerRating of 8

  • 7/13/12 Exit Price: 35.14

  • Gain: 4.06%


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Joshua Glasgall is Editor in Chief of Connors Research